TikToker Proposes Radical New System for College Tuition That Would Affect Everyone

Management of student loan debt has become a hot-button issue in recent months. Politicians are trying to decide if and how to resume loan payments after covid-19 pandemic relief efforts allowed people to pause payments on them. In May, House Republicans voted to overturn President Biden’s student loan forgiveness initiative -- a measure that could see recipients paying interest for the pandemic deferment period.

Last week, TikTok journalist V from Under the Desk News reported on a proposed bill package that would "better educate future borrowers against getting student loans in the first place." According to V, the bill "demands that banks[...] let students know what it's going to cost them to take out these loans[.] The bill also says that [loans] cannot be given to undergraduate programs that have shown the earning potential is not higher than a high school graduate would have."

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"So you know, things like art, music, early childhood education, social services, theology religion -- you probably wouldn't be able to get a loan for those programs," V explains. But the concept of the bill -- that a loan's terms should match the degree field payout -- brought up a very intriguing point.

"Why is it that tuition is just one flat rate across the board to go to a particular college?" V asks.

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In response to a commenter, V maps out a tuition system that factors in a student's career path. 

"I originally went to school for theater -- maybe my tuition should have been like $20,000," V says for example. "Maybe the people who went for Theology at my school should have also been about [that]. But for the folks who went for finance, maybe that education is worth a little bit more and your tuition is something like 30 or $40,000 because you're gonna be making a lot more money when you get out."

"Maybe if you go to Yale for something like history, English, or political science, your tuition is less than people who go to Yale Medical," they continue. "We need teachers just as much as we need doctors and we need artists just as much as we need business people."

"I feel like that's fair. I feel like that makes sense," their video concludes. "You're paying for what the value of that education results in in the real world."